Adventures in Paradise

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Aloha no ka'kou

Chuck and Laura

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Chuck, April 18, 2007In the Beginning….

Of course it all started many, many years ago for me. I can’t really remember exactly when I got the bug but it probably dates to the early 1960’s. The credit (Or blame, as it were) has to go to Gardner McKay and his television show, “Adventures in Paradise”. If you never saw the show you missed a real treat. Gardner played Captain Adam Troy of the 82 foot schooner “Tiki”. The plot was, basically, just him sailing around the South Pacific in search of cargo, passengers and adventure. Many years later, in about 1990, I had the good fortune to meet Gardner McKay in Hawaii. It seems that we have a common interest, sea kayaking, and, I discovered, a few mutual friends. Gardner is a fascinating man and I have a couple of great stories involving him. Buy me a couple of beers the next time we’re in port and I’ll tell you all about it.

Cruising the Pacific in my own boat remained just a dream while I finished growing up and stayed on the back burner through my fifteen-year career in the US Army. Then, while recovering from knee surgery at Tripler Army Medical Center in Hawaii, I noticed the boats out on the ocean and I remembered the dream. I had time on my hands and access to a library so I started reading. I devoured Hiscock, the Pardeys, Tristan Jones, Joshua Slocum and anything else about cruising I could get my hands on. I resolved to own a forty foot ketch someday and to go cruising just like Captain Adam Troy.

Life went on, as it tends to do when you’re not paying attention. Fast forward to 1990. Now out of the Army for ten years and with a good job in Honolulu, I started looking for a boat. I had a small inheritance but not enough for a forty foot ketch in seaworthy condition. A friend of my boss got tired of listening to me talk about my dream of sailing and said to me one day “Why don’t you buy my boat?”. “What kind of boat is it.” I asked. “An Albin Vega 27” was the answer and the price was just right for my budget. “But it’s too small.” I complained. “Nonsense!” he replied. He was right. I moved aboard on April 1st 1990 and found the hoard of VODCA Newsletters stashed in the locker under the forward bunk. I dashed off a check to Sid Rosen.

Now that I had the boat, the dream became a goal. I began developing a plan to achieve it. The plan has changed over the years but, surprisingly, not much:

Prepare the boat while securing enough capital investments to yield sufficient income to support the cruising life. (See Annie Hill’s “Voyaging on a small income”)

I initially decided that I needed $100,000 but increased that when Laura joined the crew. I figured that about $10,000 a year would be enough with no recurring bills to pay. Although my job provided a very good profit sharing plan, I learned all I could about investing and put away every penny I could scrape together.

Meanwhile, I made a list of everything that needed to be done to the boat and all the gear I would need. While toiling at my job earning the money I needed, I worked on crossing off items on the list.

Preparation

First Question: How do we finance this?

edit. This was written in early 2007 and the economic situation has changed. The basic principles, however, remain sound.

After talking at length with lots of cruisers over the years and asking pointed questions about costs and financial arrangements, we have determined that almost everyone cruising full-time today,at least those passing through Hawaii, is doing it on about US$6000 per year and virtually everyone we spoke to about this was cruising in much larger (More expensive in every way) boats than the Vega. This of course presupposes that we will be most often anchoring out rather than staying at marinas. We will not be flying home for visits or frequenting bars,restaurants, hotels or shopping malls.

Many people I know could simply sell their house, invest the proceeds and live off the income generated by their investments. We didn’t have a house to sell but I did have a profit sharing retirement plan at work that promised to provide a sufficient nest egg. Younger cruisers have told us that there is no shortage of temporary work to be found that can be used to top off the cruising kitty when needed and virtually everyone told us not to worry about the money.

Of course it makes a big difference whether you intend to make cruising a permanent lifestyle change or you intend to cruise for a couple of years then return to your shore based life. You will have to evaluate your situation and your personal goals and decide for yourself. If you view cruising as an extended vacation rather than a lifestyle change it will probably cost more.

First, decide how much capital you will need. My bank currently offers 5.5% on CDs. That means that $100,000 deposited will yield $5,500 per year; enough for the frugal cruiser. Talk to a financial advisor or educate yourself, as I did, and start investing. Mama always said "Put away ten cents of every dollar you get your hands on." If I had listened to her, I would have been able to go cruising twenty five years ago! If you haven't already, start NOW and put a monthly savings amount in your budget. That's all the financial advice you get from me.

Getting the Boat Ready

If you already have the boat, you can easily make a list of what needs to be done and what equipment needs to be purchased to get her ready for cruising; don't go overboard on the gear. Read on for my recommendations. Take your list out once a week and cross off items as you go. Try to make a little progress every week. A good place to start is by reading Nick and Jenny Coghlan's advice on preparing for offshore in the Jun/July 1990 issue of the VODCA Newsletter which can be found in the VORM and in Tony Skidmore's excellent account of his circumnavigation on the Voyages page.